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Maybe not yet, but in a few years that Amazon phone is going to be a big part of the smartphone market. This year, they’ll sell 3-4 million of them I expect, which won’t move the needle for AMZN. But in three or four more years or so, the Amazon Fire phone will be approaching 10% market share, selling 100 million units a year.

Apple’s stock is at $570, so picture it at $5.70 instead. Apple’s got $130 billion, or about $130/share net cash on the balance sheet, so call it $1.3 billion and $1.30/share net cash. Apple’s going to earn more than $60/share next year, so call it 60 cents instead. So if I told you I found a company that is one of two that is totally dominating the two fastest growing and largest end markets (smartphones and tablets) on the entire planet Earth, with more than a $1.30 in net cash per share while earning more than 60 cents a share and adding another 50-70 cents per share in net cash to the balance sheet over the next twelve months and that the stock is trading for $5.70, would you think that stock would be a buy?

About The Cody Word

Cody Willard writes the Revolution Investing investment newsletter for MarketWatch and posts the trades from his personal account at TradingWithCody.com He is the founder of WallStreetAll-Stars.com and the principal of CL Willard Capital. Cody serves as an adjunct professor at Seton Hall University and is on the University of New Mexico Alumni Board. He was an anchor on the Fox Business Network, where he was the co-host of the long-time #1-rated show on the network, Fox Business Happy Hour. Cody, a former hedge fund manager, and his stock picks and economic outlooks have been featured on NBC’s The Tonight Show with Jay Leno, ABC’s 20/20, CBS Evening News, CNBC’s SquawkBox, Jon Stewart’s The Daily Show, as well as in the Financial Times, Wall Street Journal, New York Times, and many other outlets.